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If it is so great, why are people still living in poverty and the not solve the unemployment issues?
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Minimum wage is not great!
- Thread starter Isogallardo
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Minimum wages solve nothing because every time the rate is increased, business costs go up and that causes prices to go up when businesses pass on the increased wage overheads to the consumer.
The graphs would be applicable to NZ as well. The minimum wage here has more than doubled in the last decade but it has done absolutely nothing for the standard of living of the lower income group because costs have risen in tandem.
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